25 February 2009
if return is filled on 02/02/2008 and due date of filing return is 31st July,2007 and Self Assessment Tax is paid on 07/07/2007.For how many months interest u/s 234A will be charged?pls rply its very urgent
25 February 2009
No interest will be charged U/s 234A if the self assessment tax has been deposited before the due date of filing return of income and the return of income is submitted after such due date as held by Delhi High Court in Dr. Prannoy Roy case ( 2003)
25 February 2009
Mr.Chopra's view is correct because there is no loss of interest to the revenue since the tax is remited well before the cut off date. You can refer the cited case in 254 ITR 755.
26 February 2009
I opined to as per what the law speaks. But there may be some contrary ruling as per an case law. But the question arises how can case law can be contrary to the law itself?
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